Dimantha Mathew, Head of Research at First Capital commenting on the stock market performance and the impact of tax cuts – 27.11.2019

Dimantha Mathew, Head of Research at First Capital commenting on the stock market performance and the impact of tax cuts.

“Stock market closed in positive sentiment for the second straight session on the price gains incurred by JKH and CTC. Both turnover and volume recorded a near one week high while the crossings made in DIAL contributed 34% to the day’s turnover.”

First Capital is an investment bank offering services as Stock Brokers in Sri Lanka. The Company acts as a conduit between retail and institutional clients and the secondary market of the Colombo Stock Exchange. First Capital’s best-in-class research team provide a series of actionable trade recommendations, daily and periodic market commentaries and publications for Stock Brokers in Sri Lanka.

First Capital Holdings PLC is an investment bank and is the pioneer non-bank affiliated Primary Dealer in Treasury Bills and Bonds in Sri Lanka. With a track record of over 25 years, the Company was the first licensed primary dealer appointed by the Central Bank, and is also the only listed and rated primary dealer in Treasury Bills and Bonds in Sri Lanka.
First Capital delivers the only source for fixed income research in the local financial services industry. The Company’s best-in-class research team provide dynamic reports including economic reviews and proprietary research, encompassing fundamental, quantitative and technical analysis.